president obama is right, they do have the capital to deal with their problem. you're right, they need to be decisive to put out the fire once and for all. but europeans understand this. president obama lecturing them is not going to motivate them, is not going to open their eyes. they understand what they need to do. the challenge is if they come in aggressively and put out this fire once and for all, it takes the pressure off the greeks, off the spaniards, off the portuguese to make tough choices. as ken rogoff said, the greeks have been doing this for 100 years so the germans are saying we're not going to put out the fire. we need to keep pressure on the greeks to make tough choices. that's why this crisis has dragged on for two years. that's why it's likely going to drag on for several more years, because it is going to be band-aids and half measures. >> richard, i don't know what is happening to him over there, what's going on? >> all right. i agree fully with everything that's been said but i'm going to put one reason or excuse from the european side and i